New York City

Hungary's Central Bank (MNB) said on Nov. 24 that it has bought back a majority stake in the country's stock exchange in an effort to boost weak trading volumes after years of sharp decline.

The MNB bought a stake of 68.8 percent from two Austrian firms, CESEEG and OeKG, for 13.2 billion forints (42.5 million euros, $45.1 million), raising its overall holding to 75.8 percent.

A civilian member of the troubled United Nations peacekeeping mission in the Central African Republic has been accused of sexual misconduct, taking the total number of such cases to 17, UN officials said on Sept.15.

A veil of fear and mystery has covered the small town of Chillicothe in Ohio, USA. With only 21,000 residents the city is notorious for its drug use levels, prostitution and unemployment. For a year now, the city has also become known for yet another negative fact. The disappearance of six women.

Bloomberg goes to the source of a phenomenon that’s either the cause or the result of the ongoing “Greek crisis”, namely, people taking out whatever cash they have in local bank accounts and stashing it in their homes.

Bloomberg Business reports that the Greek tourism business is facing both problems and boons, on the cusp of summer and the tourism High Season.

As financial woes continue amidst a mistrustful European climate, tourism, according to Bloomberg, is needed more than ever to provide a life raft for the country’s economy.

Bulgaria-based Bulstrad, part of Vienna Insurance Group (VIG), has signed a deal to acquire 100% of UBB-AIG and conclude a cooperation agreement with United Bulgarian Bank (UBB), VIG said on Tuesday.

The price of the deal wasn't disclosed but Bulstrad said last month it planned to acquire full control of UBB AIG by buying five million ordinary shares for a total of EUR 3.2 M.

Turkish logistics firm Netlog is looking to sell a stake to an investor to help to expand its business, which already has distribution warehouses in Europe, the Middle East and North Africa after a string of acquisitions.

Greek bonds are the best performing sovereign securities tracked by Bloomberg?s World Bond Indexes in the last month amid optimism an agreement may be within reach.

On Tuesday, the Greek paper rebounded after Monday?s sell-off, with yields on notes due 2017 falling 122 basis points to 22.77 percent.

[Bloomberg]

Celebrities hit the red carpet at the 2015 Met Gala themed ''China: Through the Looking Glass''

Each millionaire may have an apartment facing a city or a beautiful landscape, but someone must be a billionaire or just plain eccentric to want to have an apartment with space for his… Ferrari to look at the view.